TiVo swings to loss

DavidB. Wilkerson

CHICAGO (MarketWatch) -- Digital video recorder pioneer TiVo Inc.
TIVO, -1.99%
said it swung to a loss in its second fiscal quarter as paid subscriptions again declined amid the ongoing economic recession, though the loss was smaller than expected. The company said it lost $2.9 million, or 3 cents a share, in the latest three months. In the second fiscal quarter a year earlier, it posted a profit of $2.9 million, or 3 cents a share. Service and technology revenues fell to $48.8 million from $53.5 million. Analysts polled by Thomson Reuters were expecting a loss of 5 cents a share on service and technology revenues of $48.6 million.

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